$VSAT
VIASAT INC

2014 Q3 Form 10-Q Financial Statement

#000119312514308515 Filed on August 13, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2013 Q2
Revenue $319.5M $321.1M
YoY Change 32.82%
Cost Of Revenue $108.7M $105.9M
YoY Change 34.78%
Gross Profit $210.7M $215.2M
YoY Change 31.87%
Gross Profit Margin 65.96% 67.02%
Selling, General & Admin $69.10M $64.78M
YoY Change 14.65%
% of Gross Profit 32.79% 30.1%
Research & Development $9.780M $14.09M
YoY Change 91.19%
% of Gross Profit 4.64% 6.55%
Depreciation & Amortization $43.13M $36.23M
YoY Change 16.28%
% of Gross Profit 20.47% 16.83%
Operating Expenses $78.88M $78.87M
YoY Change 23.49%
Operating Profit -$1.169M $3.424M
YoY Change -124.83%
Interest Expense $8.629M $10.16M
YoY Change -11.98%
% of Operating Profit 296.82%
Other Income/Expense, Net
YoY Change
Pretax Income -$9.772M -$6.718M
YoY Change -73.42%
Income Tax -$3.451M -$5.231M
% Of Pretax Income
Net Earnings -$6.321M -$1.487M
YoY Change -89.7%
Net Earnings / Revenue -1.98% -0.46%
Basic Earnings Per Share -$0.13 -$0.04
Diluted Earnings Per Share -$0.13 -$0.04
COMMON SHARES
Basic Shares Outstanding 46.53M shares 45.11M shares
Diluted Shares Outstanding 46.53M shares 45.11M shares

Balance Sheet

Concept 2014 Q3 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $58.10M $79.70M
YoY Change -38.65%
Cash & Equivalents $58.14M $79.68M
Short-Term Investments
Other Short-Term Assets $4.204M $3.656M
YoY Change -93.04%
Inventory $128.6M $125.7M
Prepaid Expenses $36.48M $35.57M
Receivables $279.1M $260.7M
Other Receivables $0.00 $0.00
Total Short-Term Assets $541.0M $530.3M
YoY Change -2.21%
LONG-TERM ASSETS
Property, Plant & Equipment $1.074B $958.5M
YoY Change 8.6%
Goodwill $117.9M $82.63M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $267.5M $219.7M
YoY Change 42.04%
Total Long-Term Assets $1.515B $1.307B
YoY Change 10.82%
TOTAL ASSETS
Total Short-Term Assets $541.0M $530.3M
Total Long-Term Assets $1.515B $1.307B
Total Assets $2.056B $1.837B
YoY Change 6.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $86.38M $121.3M
YoY Change 60.25%
Accrued Expenses $166.7M $145.4M
YoY Change 155.93%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.783M $1.900M
YoY Change 46.15%
Total Short-Term Liabilities $253.0M $268.6M
YoY Change 19.21%
LONG-TERM LIABILITIES
Long-Term Debt $789.4M $586.2M
YoY Change 6.89%
Other Long-Term Liabilities $46.18M $52.55M
YoY Change 1.25%
Total Long-Term Liabilities $835.6M $52.55M
YoY Change -91.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $253.0M $268.6M
Total Long-Term Liabilities $835.6M $52.55M
Total Liabilities $1.089B $907.3M
YoY Change 8.99%
SHAREHOLDERS EQUITY
Retained Earnings $205.7M $219.2M
YoY Change
Common Stock $753.8M $739.0M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $34.04M
YoY Change
Treasury Stock Shares
Shareholders Equity $962.4M $924.8M
YoY Change
Total Liabilities & Shareholders Equity $2.056B $1.837B
YoY Change 6.72%

Cashflow Statement

Concept 2014 Q3 2013 Q2
OPERATING ACTIVITIES
Net Income -$6.321M -$1.487M
YoY Change -89.7%
Depreciation, Depletion And Amortization $43.13M $36.23M
YoY Change 16.28%
Cash From Operating Activities $46.90M $53.80M
YoY Change 6625.0%
INVESTING ACTIVITIES
Capital Expenditures $85.51M $73.03M
YoY Change 98.01%
Acquisitions $56.55M $2.400M
YoY Change
Other Investing Activities -$56.50M -$2.400M
YoY Change
Cash From Investing Activities -$154.3M -$87.21M
YoY Change 101.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 107.0M 7.432M
YoY Change -4745.0%
NET CHANGE
Cash From Operating Activities 46.90M 53.80M
Cash From Investing Activities -154.3M -87.21M
Cash From Financing Activities 107.0M 7.432M
Net Change In Cash -47.27M -79.77M
YoY Change 83.94%
FREE CASH FLOW
Cash From Operating Activities $46.90M $53.80M
Capital Expenditures $85.51M $73.03M
Free Cash Flow -$38.61M -$19.23M
YoY Change -46.7%

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400000
CY2014Q3 dei Document Type
DocumentType
10-Q
CY2013Q2 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
8279000
CY2013Q2 us-gaap Cost Of Goods Sold
CostOfGoodsSold
129414000
CY2014Q3 dei Document Period End Date
DocumentPeriodEndDate
2014-07-04
CY2014Q3 dei Entity Central Index Key
EntityCentralIndexKey
0000797721
CY2013Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-5888000
CY2013Q2 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
1508000
CY2013Q2 us-gaap Share Based Compensation
ShareBasedCompensation
7490000
CY2013Q2 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-26056000
CY2013Q2 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-8012000
CY2013Q2 vsat Finite Lived Intangible Asset Patent And Other Licenses Amortization Expense
FiniteLivedIntangibleAssetPatentAndOtherLicensesAmortizationExpense
0
CY2013Q2 vsat Amortization Of Acquired Intangible Asset
AmortizationOfAcquiredIntangibleAsset
3501000
CY2014Q3 dei Trading Symbol
TradingSymbol
VSAT
CY2014Q3 dei Entity Registrant Name
EntityRegistrantName
VIASAT INC
CY2014Q3 dei Amendment Flag
AmendmentFlag
false
CY2013Q2 us-gaap Interest Expense
InterestExpense
10163000
CY2013Q2 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
18994000
CY2013Q2 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
6400000
CY2014Q3 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2014Q3 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
CY2013Q2 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
417000
CY2013Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2013Q2 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
0
CY2013Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5889000
CY2013Q2 us-gaap Depreciation
Depreciation
36226000
CY2013Q2 us-gaap Advertising Expense
AdvertisingExpense
2900000
CY2013Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
64781000
CY2013Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-5231000
CY2013Q2 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-104000
CY2014Q3 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--04-03
CY2014Q3 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2014Q3 us-gaap Revenue Recognition Multiple Element Arrangements
RevenueRecognitionMultipleElementArrangements
<div> <p style="margin-top:12px;margin-bottom:0px; text-indent:4%"> <font style="font-family:Times New Roman" size="2">In accordance with the authoritative guidance for revenue recognition for multiple element arrangements, the Accounting Standards Update (ASU) 2009-13 (ASU 2009-13), Revenue Recognition (ASC 605) Multiple-Deliverable Revenue Arrangements, which updates ASC 605-25, Revenue Recognition-Multiple element arrangements, of the Financial Accounting Standards Board (FASB) codification, for substantially all of the arrangements with multiple deliverables, the Company allocates revenue to each element based on a selling price hierarchy at the arrangement inception. The selling price for each element is based upon the following selling price hierarchy: vendor specific objective evidence (VSOE) if available, third party evidence (TPE) if VSOE is not available, or estimated selling price (ESP) if neither VSOE nor TPE are available (a description as to how the Company determines VSOE, TPE and ESP is provided below). If a tangible hardware systems product includes software, the Company determines whether the tangible hardware systems product and the software work together to deliver the product&#x2019;s essential functionality and, if so, the entire product is treated as a nonsoftware deliverable. The total arrangement consideration is allocated to each separate unit of accounting for each of the nonsoftware deliverables using the relative selling prices of each unit based on the aforementioned selling price hierarchy. Revenue for each separate unit of accounting is recognized when the applicable revenue recognition criteria for each element have been met.</font></p> <p style="margin-top:12px;margin-bottom:0px; text-indent:4%"> <font style="font-family:Times New Roman" size="2">To determine the selling price in multiple-element arrangements, the Company establishes VSOE of the selling price using the price charged for a deliverable when sold separately. The Company also considers specific renewal rates offered to customers for software license updates, product support and hardware systems support, and other services. For nonsoftware multiple-element arrangements, TPE is established by evaluating similar and/or interchangeable competitor products or services in standalone arrangements with similarly situated customers and/or agreements. If the Company is unable to determine the selling price because VSOE or TPE doesn&#x2019;t exist, the Company determines ESP for the purposes of allocating the arrangement by reviewing historical transactions, including transactions whereby the deliverable was sold on a standalone basis and considers several other external and internal factors including, but not limited to, pricing practices including discounting, margin objectives, competition, the geographies in which the Company offers its products and services, the type of customer (i.e., distributor, value added reseller, government agency or direct end user, among others), volume commitments and the stage of the product lifecycle. The determination of ESP considers the Company&#x2019;s pricing model and go-to-market strategy. As the Company, or its competitors&#x2019;, pricing and go-to-market strategies evolve, the Company may modify its pricing practices in the future, which could result in changes to its determination of VSOE, TPE and ESP. As a result, the Company&#x2019;s future revenue recognition for multiple-element arrangements could differ materially from those in the current period.</font></p> </div>
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46528000 shares
CY2014Q3 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
46911000
CY2014Q3 us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 18px"><font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Indemnification provisions</i></b></font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 6px; TEXT-INDENT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2">In the ordinary course of business, the Company includes indemnification provisions in certain of its contracts, generally relating to parties with which the Company has commercial relations. Pursuant to these agreements, the Company will indemnify, hold harmless and agree to reimburse the indemnified party for losses suffered or incurred by the indemnified party, including but not limited to losses relating to third-party intellectual property claims. To date, there have not been any material costs incurred in connection with such indemnification clauses. The Company&#x2019;s insurance policies do not necessarily cover the cost of defending indemnification claims or providing indemnification, so if a claim was filed against the Company by any party that the Company has agreed to indemnify, the Company could incur substantial legal costs and damages. A claim would be accrued when a loss is considered probable and the amount can be reasonably estimated. At July&#xA0;4, 2014 and April&#xA0;4, 2014, no such amounts were accrued related to the aforementioned provisions.</font></p> </div>
CY2014Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.13
CY2014Q3 us-gaap Revenue Recognition Percentage Of Completion Method
RevenueRecognitionPercentageOfCompletionMethod
<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 18px"><font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Revenue recognition</i></b></font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 6px; TEXT-INDENT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2">A substantial portion of the Company&#x2019;s revenues is derived from long-term contracts requiring development and delivery of complex equipment built to customer specifications. Sales related to long-term contracts are accounted for under the authoritative guidance for the percentage-of-completion method of accounting (Accounting Standards Codification (ASC) 605-35). Sales and earnings under these contracts are recorded either based on the ratio of actual costs incurred to date to total estimated costs expected to be incurred related to the contract, or as products are shipped under the units-of-delivery method. Anticipated losses on contracts are recognized in full in the period in which losses become probable and estimable. Changes in estimates of profit or loss on contracts are included in earnings on a cumulative basis in the period the estimate is changed. During the three months ended July&#xA0;4, 2014 and June&#xA0;28, 2013, the Company recorded losses of approximately $0.1 million and $0.4 million, respectively, related to loss contracts.</font></p> </div>
CY2014Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.13
CY2014Q3 us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2018-11-26
CY2014Q3 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
600000
CY2014Q3 us-gaap Fiscal Period
FiscalPeriod
<div> <p style="margin-top:12px;margin-bottom:0px; text-indent:4%"> <font style="font-family:Times New Roman" size="2">The Company&#x2019;s fiscal year is the 52 or 53 weeks ending on the Friday closest to March&#xA0;31 of the specified year. For example, references to fiscal year 2015 refer to the fiscal year ending on April&#xA0;3, 2015. The Company&#x2019;s quarters for fiscal year 2015 end on July&#xA0;4, 2014,&#xA0;October&#xA0;3, 2014,&#xA0;January 2, 2015 and April&#xA0;3, 2015. This results in a 53 week fiscal year approximately every four to five years. Fiscal year 2015 is a 52&#xA0;week year, compared with a 53&#xA0;week year in fiscal year 2014. As a result of the shift in the fiscal calendar, the second quarter of fiscal year 2014 included an additional week. The Company does not believe that the extra week results in any material impact on its financial results.</font></p> </div>
CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46528000 shares
CY2014Q3 us-gaap Revenue Recognition Leases
RevenueRecognitionLeases
<div> <p style="margin-top:12px;margin-bottom:0px; text-indent:4%"> <font style="font-family:Times New Roman" size="2">The Company also enters into certain leasing arrangements with customers and evaluates the contracts in accordance with the authoritative guidance for leases (ASC 840). The Company&#x2019;s accounting for equipment leases involves specific determinations under the authoritative guidance for leases, which often involve complex provisions and significant judgments. In accordance with the authoritative guidance for leases, the Company classifies the transactions as sales type or operating leases based on: (1)&#xA0;review for transfers of ownership of the equipment to the lessee by the end of the lease term, (2)&#xA0;review of the lease terms to determine if it contains an option to purchase the leased equipment for a price which is sufficiently lower than the expected fair value of the equipment at the date of the option, (3)&#xA0;review of the lease term to determine if it is equal to or greater than 75% of the economic life of the equipment, and (4)&#xA0;review of the present value of the minimum lease payments to determine if they are equal to or greater than 90% of the fair market value of the equipment at the inception of the lease. Additionally, the Company considers the cancelability of the contract and any related uncertainty of collections or risk in recoverability of the lease investment at lease inception. Revenue from sales type leases is recognized at the inception of the lease or when the equipment has been delivered and installed at the customer site, if installation is required. Revenues from equipment rentals under operating leases are recognized as earned over the lease term, which is generally on a straight-line basis.</font></p> </div>
CY2014Q3 us-gaap Revenue Recognition Deferred Revenue
RevenueRecognitionDeferredRevenue
<div> <p style="margin-top:12px;margin-bottom:0px; text-indent:4%"> <font style="font-family:Times New Roman" size="2">Collections in excess of revenues and deferred revenues represent cash collected from customers in advance of revenue recognition and are recorded in accrued liabilities for obligations within the next twelve months. Amounts for obligations extending beyond twelve months are recorded within other liabilities in the condensed consolidated financial statements.</font></p> </div>
CY2014Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
9136000
CY2014Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
7000
CY2014Q3 us-gaap Sales Revenue Net
SalesRevenueNet
319471000
CY2014Q3 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="margin-top:12px;margin-bottom:0px; text-indent:4%"> <font style="font-family:Times New Roman" size="2">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and reported amounts of revenues and expenses during the reporting period. Estimates have been prepared on the basis of the most current and best available information and actual results could differ from those estimates. Significant estimates made by management include revenue recognition, stock-based compensation, self-insurance reserves, allowance for doubtful accounts, warranty accruals, valuation of goodwill and other intangible assets, patents, orbital slots and other licenses, software development, property, equipment and satellites, long-lived assets, derivatives, contingencies and income taxes including the valuation allowance on deferred tax assets.</font></p> </div>
CY2014Q3 us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
34300000
CY2014Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-9772000
CY2014Q3 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
700000
CY2014Q3 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
375000
CY2014Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
592000
CY2014Q3 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
151342000
CY2014Q3 us-gaap Capitalized Computer Software Amortization
CapitalizedComputerSoftwareAmortization
4400000
CY2014Q3 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
30000000
CY2014Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-5345000
CY2014Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-5722000
CY2014Q3 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-9214000
CY2014Q3 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
882000
CY2014Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
168129000
CY2014Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-5944000
CY2014Q3 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
56545000
CY2014Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
4263000
CY2014Q3 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0
CY2014Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
26000
CY2014Q3 us-gaap Stock Issued1
StockIssued1
10194000
CY2014Q3 us-gaap Profit Loss
ProfitLoss
-6321000
CY2014Q3 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-4480000
CY2014Q3 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1178000
CY2014Q3 us-gaap Derivative Instruments Gain Loss Recognized In Income Ineffective Portion And Amount Excluded From Effectiveness Testing Net
DerivativeInstrumentsGainLossRecognizedInIncomeIneffectivePortionAndAmountExcludedFromEffectivenessTestingNet
0
CY2014Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-1169000
CY2014Q3 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
12238000
CY2014Q3 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
1716000
CY2014Q3 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
5726000
CY2014Q3 us-gaap Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
10194000
CY2014Q3 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
8138000
CY2014Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
599000
CY2014Q3 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
3528000
CY2014Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
85513000
CY2014Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-377000
CY2014Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
3100000
CY2014Q3 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-385000
CY2014Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-377000
CY2014Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
107031000
CY2014Q3 us-gaap Cost Of Services
CostOfServices
108741000
CY2014Q3 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
7791000
CY2014Q3 us-gaap Cost Of Goods Sold
CostOfGoodsSold
128994000
CY2014Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-3060000
CY2014Q3 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
1844000
CY2014Q3 us-gaap Share Based Compensation
ShareBasedCompensation
8904000
CY2014Q3 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-207000
CY2014Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
375000
CY2014Q3 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-1589000
CY2014Q3 us-gaap Interest Expense
InterestExpense
8629000
CY2014Q3 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1204000
CY2014Q3 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
10700000
CY2014Q3 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-154296000
CY2014Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
9780000
CY2014Q3 us-gaap Loss On Contracts
LossOnContracts
100000
CY2014Q3 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-2434000
CY2014Q3 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
130000000
CY2014Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2014Q3 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
0
CY2014Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
8481000
CY2014Q3 us-gaap Depreciation
Depreciation
43126000
CY2014Q3 us-gaap Advertising Expense
AdvertisingExpense
2300000
CY2014Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
69096000
CY2014Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3451000
CY2014Q3 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
147000
CY2014Q3 vsat Period Of In Orbit Performance Incentive Payments Including Interest
PeriodOfInOrbitPerformanceIncentivePaymentsIncludingInterest
P15Y
CY2014Q3 vsat Finite Lived Intangible Asset Patent And Other Licenses Amortization Expense
FiniteLivedIntangibleAssetPatentAndOtherLicensesAmortizationExpense
0
CY2014Q3 vsat Amortization Of Acquired Intangible Asset
AmortizationOfAcquiredIntangibleAsset
4029000
CY2014Q3 vsat Defense Contract Audit Agency Completed Cost Audits
DefenseContractAuditAgencyCompletedCostAudits
Contract costs on U.S. government contracts are subject to audit and review by the Defense Contracting Management Agency (DCMA), the Defense Contract Audit Agency (DCAA), and other U.S. government agencies, as well as negotiations with U.S. government representatives. The Company’s incurred cost audits by the DCAA have not been concluded for fiscal year 2004 and subsequent fiscal years. Although the Company has recorded contract revenues subsequent to fiscal year 2003 based upon an estimate of costs that the Company believes will be approved upon final audit or review, the Company does not know the outcome of any ongoing or future audits or reviews and adjustments, and if future adjustments exceed the Company’s estimates, its profitability would be adversely affected.
CY2014Q3 vsat Products Warranty Period Maximum
ProductsWarrantyPeriodMaximum
P5Y

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